Industry News

Insurance Journal

ICC Forms Risk Purchasing Group Offering Admitted Umbrella Coverage to Restaurants

Apr 28, 2017 Innovative Coverage Concepts (ICC) has launched a new commercial umbrella insurance offering that will cover a broad range of restaurant and...

Mine Owned by West Virginia Gov Faces Fines for Safety Violations

Apr 28, 2017 A West Virginia mining operation owned by Gov. Jim Justice faces fines of more than $10,000 for six safety violations following a workers’ fatal fall in...

Senate Bill Extends National Flood Insurance Program for 10 Years

Apr 28, 2017 U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP)...

How Drivers Dress-Up Old Cars with New Safety Tech

Apr 28, 2017 Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology — like forward collision warning systems or backup cameras — to older cars....

Property Casualty 360

Are we safe drivers? Apparently not…

Apr 28, 2017 Drivers in the U.S score a 'C' rating for safe driving.

Online outfit offers business intelligence just for insurance pros

Apr 27, 2017 The online data curator Relationship Science has launched a free News & Alerts service to enhance its industry- and...

NUPC presents Risk Manager Choice Awards at RIMS 2017

Apr 27, 2017 AIG, FM Global, Swiss Re and Chubb received awards for their outstanding results in NUPC's Risk Manager Choice Awards.

Cyberattacks involving extortion are on the up, Verizon says

Apr 27, 2017 Cyberattacks involving ransomware increased 50 percent in 2016, according to a report from Verizon Communications.

Best's Reviews

A.M. Best Affirms Credit Ratings of Instituto Nacional de Seguros

Apr 27, 2017 A.M. Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of...

XL CEO: Efficiency, Diversification Key as Catlin Integration Nears Completion

Apr 27, 2017 As XL Group Ltd. nears the end of its two-year effort to integrate Catlin Group, underwriting diversification and efficiency are key...

Axis Capital CEO: Unusual Events Led to 87% Drop in First-Quarter Net Income

Apr 27, 2017 Axis Capital Holdings Ltd. pointed to a number of factors that converged during the first quarter to send its net income plunging 87%,...

US House Democratic Leaders Threaten to Block Government Spending Over ACA Repeal

Apr 27, 2017 U.S. House Democratic leaders have threatened to block a stopgap spending bill to keep the federal government open if Republicans...

Business Insurance

Insurer remains on the hook in spoiled seafood dispute

Apr 27, 2017 Declaring that something was rotten in the state of Denmark, a Massachusetts appeals court has reversed a...

Home Depot website exposed personal data: Consumer Reports

Apr 27, 2017 Consumer Reports said Thursday it found personal data from about 8,000 individuals that was unprotected on...

Excess insurer not liable to pay on wrongful death settlement

Apr 27, 2017 A settlement agreement’s language did not trigger an excess insurance policy, says a federal appeals...

Lawmakers float 10-year extension of NFIP

Apr 27, 2017 A bipartisan draft proposal floated by two U.S. senators would extend the National Flood Insurance Program for 10 years.

Claims Journal

WCRI: Provider Choice Increases Back Injury-Related Workers’ Comp Costs

Apr 27, 2017 A new study released by Mass.-based Workers Compensation Research Institute outlines the effect of provider choice policies on workers’ compensation...

Former ‘Bachelor’ Star Chris Soules Charged in Deadly Iowa Crash

Apr 27, 2017 Chris Soules, an Iowa farmer who starred on “The Bachelor” two years ago, was arrested Tuesday after authorities say he caused a traffic accident that...

California Water Chief Says Oroville Dam Emergency Spillway Worked

Apr 27, 2017 The head of California’s water agency on Tuesday repeated his assertion that an emergency spillway at the Oroville Dam worked, drawing an incredulous response...

Supreme Court Rejects GM Appeal of Ignition Switch Ruling

Apr 27, 2017 The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs’...